Investors In Yandex To Sell Shares Up To $607 Million

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Yandex NV (YNDX) founders Arkady Volozh and Ilya Segalovich and shareholders including Baring Vostok Capital Partners plan to sell as much as $607 million worth of stock as the growth of Russia’s largest Web-search engine slows.

They are offering investors 24.3 million shares, including 18.2 million from Baring Vostok and 5.1 million from Chief Executive Officer Volozh, according to a regulatory filing. Chief Technology Officer Segalovich is selling 0.2 million shares. Combined, the shares represent 7.4 percent of the company. Investrors In Yandex To Sell Shares To $607 Million [bloomberg.com]